Phoenix Motor Inc. (NASDAQ:PEV) Sees Significant Increase in Short Interest

Phoenix Motor Inc. (NASDAQ:PEV) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 243,000 shares, an increase of 17.2% from the August 15th total of 207,400 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 138,500 shares, the days-to-cover ratio is presently 1.8 days.

Phoenix Motor Stock Up 2.0 %

Shares of PEV traded up $0.01 on Tuesday, hitting $0.46. The company’s stock had a trading volume of 420 shares, compared to its average volume of 89,447. The firm’s fifty day moving average price is $0.45 and its 200-day moving average price is $0.61. Phoenix Motor has a fifty-two week low of $0.32 and a fifty-two week high of $1.94. The firm has a market capitalization of $16.14 million, a price-to-earnings ratio of -0.47 and a beta of 1.61.

About Phoenix Motor

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.